LocalBitcoins is No More Secure, Will This Help Bitshares ?
Today LocalBitcoins the most known site for F2F bitcoin exchange deciced to do KYC/AML checks aka ID verification.
You cannot even delete the account without giving them ID right now.
Lately, F2F exchanges on LocalBitcoins were really getting volumes.
Due to the KYC/AML we can expect decentralized exchanges will have another round. And Bitshares (the older brother of STEEM) is on top of it.
Bitshares has its DEX but also others build exchanges on top of it that share parts of volumes on native tokens.
OpenLedger
The most known and oldest (about native DEX per se). I mostly look here for nice offers on BTS, EOS, STEEM, EXCL and CNY pairs of those vs USD. Often arbitrage works.
CryptoBridge
Newcomers but with expanding database. I trade here mostly SMART, LTC and EXCL.
Other Chains to Work?
Ethereum has exchanges on its chain and NEO is coming with one too. WAVES, LISK also have something in the pocket. Bitcoin also has some decentralized spots but currently, only Bitshares has volumes on decentralized spots and good working system. Try their DEX and see yourself as registration is free and easy. Also BTS is based on similar code as STEEM so us Steemians should support it.
Centralized NoID Exchanges
Of course, for now, we cannot live without centralized spots and these ones work and don't need verifications.
- BiBox - Another Chinese spot with some unique ICOs and popular tokens [FIRST TIME MENTIONED BY ME AFTER TESTING - TRY NOW]
- CoinExchange - many ETH tokens and anon coins
- Binance - the obvious top vol exchange, has STEEM
- HitBTC - adds ETH ICOs really fast, has SBD
- COSS - many deals on ETH tokens for arbitrages
- Cryptopia - they have some decent coins that others dont
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This will open the door for payfair to make some noise. April 30tg is official launch
I think this will be big bitshares has a lot going for it. I was just talking to a friend about this, I'm setting up wallet.
You should definitely report back your experiences. I've been thinking of using it for some time. The decentralized model is simply superior to the centralized model used by most exchanges, but moving all my coins over from Bittrex just sounds like a hassle lol.
Can I ask, approximately what was the volume that provoked a message like this?
That is not a very good question to ask. Too dangerous.
that's the reason why we have now decentralized exchange to have a trustless, and have some degree lvls of security. :)
This is their way to improve security but gives a little hassle to us. Anyway, its for our own good and safety.
i own bitshares and i believe in this project
When you buying and selling,you still no need to give your id right?
Correct, on bitshares no ID necessary.
Bit shares is great for crypto to crypto but I have found it difficult for fiat exchanges.
Yoeah I'm really loving Bitshares @kingscrown..
It has to come of its own